RET.11.HO.2 - 2015MoneyEducation 11th Edition RETIREMENT...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
©2015 Money Education Retirement Planning, 11th Ed. Chapter 2 1 © 2015 Money Education CH 2 | Retirement Planning Accumulations and Distributions 1 Retirement Planning and Employee Benefits CHAPTER 2: RETIREMENT PLANNING ACCUMULATION & DISTRIBUTION 11 th Edition RETIREMENT PLANNING AND EMPLOYEE BENEFITS Michael A. Dalton | James F. Dalton © 2015 Money Education CH 2 | Retirement Planning Accumulations and Distributions 2 Retirement Planning and Employee Benefits Chapter 2: Learning Objectives 1. Identify the factors affecting retirement planning. 2. Draw the exponential graph representing the required investment assets as a percent of gross pay at various ages to age 65. 3. Explain why saving early is usually better than saving later. 4. Explain the impact of inflation on purchasing power. 5. Compare two of the common approaches to managing withdrawals. 6. Identify the costs which may decrease and those that may increase from pre-retirement to retirement. 7. Distinguish between the top down and the bottom up approaches to determining the wage replacement ratio. 8. Identify the various sources of retirement income. 9. Calculate the capital needs analysis using an annuity approach. 10. Calculate the capital needs analysis using a capital preservation approach. 11. Calculate the capital needs analysis using a purchasing power approach. 12. Discuss the various methods for sensitivity analysis as it is applied to capital needs analysis. © 2015 Money Education CH 2 | Retirement Planning Accumulations and Distributions 3 Retirement Planning and Employee Benefits Factors Affecting Retirement Planning Remaining Work Life Expectancy (RWLE) Retirement Life Expectancy (RLE) Savings Annual Income Needs Wage Replacement Ratio (WRR) Inflation Retirement Income Sources Investment Returns Qualitative Factors
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon